Description

This internship allows you to identify and master the stages and methods of a budgetary procedure. You learn to build, validate, monitor your budget and advise the various operational staff on any discrepancies observed.

Who is this training for ?

For whom ?

Management controllers, administrative and financial managers, accounting managers, as well as all employees responsible for participating in budget development and monitoring.

Prerequisites

• Aucun.

Training objectives

Develop operating, investment and summary budgets Determine a cash balance and prepare a forecast income statement Carry out budgetary adjustments, arbitrations and corrections Control your budget, analyze and correct any discrepancies

Training program

• Locate the budget tool in the company's information system
  • - The management control process.
  • - The different planning horizons.
  • - The organization of budgetary control.
  • - The annual budget: a performance management tool.
  • - Exercise: Individual reflection workshop: describe the organization of your company's budgetary process.
• Understanding budget construction
  • - The prerequisites for budgeting.
  • - The stages and actors of the budgetary procedure.
  • - The budget development diagram.
  • - Operating budgets: sales, production, purchases, payroll, support functions.
  • - The forecast income statement.
  • - Investment budgets: identifying and prioritizing investments, commitments.
  • - Summary budgets: cash budget, forecast balance sheet and cash flows, financing plan.
  • - Exercise: Develop a forecast income statement and determine a balance of Treasury.
• Validate your budget
  • - Knowing how to negotiate and sell your budget: the five key success factors.
  • - How to argue and get your action plans approved?
  • - Budget consolidation.
  • - Budgetary adjustments and arbitrations.
  • - The monthly budgetary payment exercise.
  • - Exercise: Using a pre-prepared budget, present and argue your plans of action.
• Monitor and control your budget
  • - The fundamentals of budgetary control.
  • - The prerequisites for analyzing variances.
  • - The concept of flexible budget.
  • - Know the main variances: variances on quantity, on price.
  • - Standard costs. The different types of costs to remember.
  • - Analysis of variances: variances on turnover, on direct or indirect costs, on performance.
  • - Implement corrective actions.
  • - Exercise: Calculate and interpret budget variances.
• Establish a customer/supplier relationship with operational staff
  • - Validate the deviations observed.
  • - Carry out a budget reforecast or reestimate.
  • - Exercise: Based on the deviations observed, propose corrective action plans.